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newt gingrich was on fox news saying obama is too busy playing basketball and mitt romney made a birther joke. yeah, we can't say necessarily that these individuals are racist. the dog whistle words meant to evoke fear and a reaction. >> molly, we are going to come back on that. what we are going to do when we come back, i'm going to show you things that happened in 2012 and i'm going to ask you the question, is that racist? when we come back. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> we are back. since we have all these individuals at the table, i thought it would be a good time for a lightning round. this is a lightning round with molly, mason, elan and jaime. we have been talking race in 2012. i'm asking you the question,
newt gingrich was on fox news saying obama is too busy playing basketball and mitt romney made a birther joke. yeah, we can't say necessarily that these individuals are racist. the dog whistle words meant to evoke fear and a reaction. >> molly, we are going to come back on that. what we are going to do when we come back, i'm going to show you things that happened in 2012 and i'm going to ask you the question, is that racist? when we come back. customer erin swenson bought from us online...
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. >> reporter: president obama says that this is actually going to be good for your business because more people will have health insurance, therefore more people will be using the kinds of products you make. what do you think of na? >> i have to say that president obama's argument is totally specious, people are not going to say let me go for an angioplasty today. it just doesn't happen this way and these people typically were younger and don't have insurance and don't use more medical devices and ones that needed it going to emergency rooms and others. it's totally specious, in my opinion it's not going to increase our business. forget the politics and get down here. this is not a political question, this is a question about america, about jobs and working and good people having good jobs. >> juliet: it's really sad. like 19 people and right now they're looking to stay afloat such as diversifying and andre hasn't taken a paycheck in six months and he offered the employees, he said do you want a christmas bonus or take the time off and they're taking the time off and trying to work
. >> reporter: president obama says that this is actually going to be good for your business because more people will have health insurance, therefore more people will be using the kinds of products you make. what do you think of na? >> i have to say that president obama's argument is totally specious, people are not going to say let me go for an angioplasty today. it just doesn't happen this way and these people typically were younger and don't have insurance and don't use more...
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Dec 29, 2012
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let's get to it five business predictions for 2013, things businesses need to do. start with number one. managing obama care. >> well, obviously the patient protection affordable healthcare act kicks in 2013. a lot of business customers are coming to tus and they need solutions. i think you are going to see businesses start to manage their employee head count going from full-time employees to part-time employees. actually some businesses thinking of taking head count and creating two companies to get under 50 employee limit. >> clayton: splitting up the companies so not to hit those. more credit is going to be available? >> pretty tight. credit is still tight. regulatory environment is still difficult. banks have got poor loan quality on overall basis of the businesses are looking at. business development corpse. there is microlending opportunities and crowd funding opportunities which is new basically angel investors with the fec has reduced some of their limitations for businesses to get funding. >> juliet: this seems like no brainer ecommerce is the way it is. c
let's get to it five business predictions for 2013, things businesses need to do. start with number one. managing obama care. >> well, obviously the patient protection affordable healthcare act kicks in 2013. a lot of business customers are coming to tus and they need solutions. i think you are going to see businesses start to manage their employee head count going from full-time employees to part-time employees. actually some businesses thinking of taking head count and creating two...
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Dec 28, 2012
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. >> hospitals under obama care now have an incentive to fix patients for good. we look at a lesser known part of the health care law, and later, brian sullivan takes us through his top business stories of 2012. can't wait for that. first, here's dylan with a check of the forecast. >> we're talking about another winter storm in the northeast this weekend, but it's a minor storm. winter weather advisories are posted across the northeast, stretching all the way back into areas like arkansas, but this whole storm system is going to stay mostly to the south of new england. there it is back across arkansas, bringing rain into western tennessee and through louisiana and mississippi as well. eventually, though, it is going to bring a rain/snow mix to portions of cape cod, into southern rhode island and the eastern tip of long island. southern new jersey will see rain, too. the area in purple is where we could end up with 3 to 5 inches of snow. in the north, we're looking pretty good. sunshine before the snow works in on saturday morning. the rest of the country, 32 for
. >> hospitals under obama care now have an incentive to fix patients for good. we look at a lesser known part of the health care law, and later, brian sullivan takes us through his top business stories of 2012. can't wait for that. first, here's dylan with a check of the forecast. >> we're talking about another winter storm in the northeast this weekend, but it's a minor storm. winter weather advisories are posted across the northeast, stretching all the way back into areas like...
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Dec 27, 2012
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president obama has cut his hawaii vacation short and is on his way back to washington. the democratic senate will be in session tomorrow but the republicans are staying home. the republican aides tell nbc news that the house will not be in for business tomorrow. they released the statement calling on the senate to act first. senate majority leader harry reid quickly responded with a statement of his own. how else republicans pushed middle class families closer to the cliff by wasting an entire week with their incompetent plan b stunt. it is time for house republicans to put middle class families first by passing the senate's bill to protect 98% of americans from a tax hike on january 1st. the senate bill could pass tomorrow if house republicans would simply let it come to the floor. despite the impasse in washington, a new gallup poll shows 50% of people still believe it is likely that president obama and republicans will reach an agreement before we go over the curb on january 1st. among the believers is conservative weekly standard editor bill crystal. >> i think what
president obama has cut his hawaii vacation short and is on his way back to washington. the democratic senate will be in session tomorrow but the republicans are staying home. the republican aides tell nbc news that the house will not be in for business tomorrow. they released the statement calling on the senate to act first. senate majority leader harry reid quickly responded with a statement of his own. how else republicans pushed middle class families closer to the cliff by wasting an entire...
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joining us now, max nissan, corporate strategy reporter with business insider. max, you have done some work on this. what do investors need to know from your point of view? >> from my point of view, what you have coming in 2013 and 2014 is a rollout of all of the really big provisions of the health care act that we haven't seen yet. you have the health care exchanges, you have the huge medicaid expansion. what that's going to do is increase cost pressures on hospitals which is already a low margin business. many of these hospitals are already in the red. so you're going to see huge movement towards consolidation, smaller community hospitals and university health systems are going to join in with larger systems and you will see the big public systems like community health systems in tenet and hga more mortgaergers, more consolin as they try to drive scale and efficiency. >> health care stocks in general are up 16%. you are not an analyst, you are a journalist like me, but where do you think value may lie in the stock market? >> there are a couple different places
joining us now, max nissan, corporate strategy reporter with business insider. max, you have done some work on this. what do investors need to know from your point of view? >> from my point of view, what you have coming in 2013 and 2014 is a rollout of all of the really big provisions of the health care act that we haven't seen yet. you have the health care exchanges, you have the huge medicaid expansion. what that's going to do is increase cost pressures on hospitals which is already a...
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Dec 25, 2012
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you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a problem with the president. he is the most divisive individual who has come to power in this country for a long time. he completely denied his white relatives and blames all the problems on white men by buying the votes of the lower earners in this country by saying it is not your fault. he promised to bring this country to gather. what happened? guest: i am surprised. upper income people voted for president obama. what is clear and true is if you look at white men, white men are overwhelmingly the single group of americans that is most antagonistic toward president obama. i think he got 30% +
you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a...
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president obama kicked off a busy day on friday with an online petition to stop gun violence >> i wanted to take a minute to respond and let you know we hear you. now, like the majority americans i believe that the second amendment guarantees an individual right to bear arms. it's encouraging many gun owners have stepped up this week to say there are steps we can take to prevent more tragedies like the one in newtown. >> in a piece for "the nation" you wrote how we the people petition for gun control which at time of your writing was righting over 150,000 signatures and so a good number of americans and lawmakers are on board, outside of the new task force. the president created to look at ways to curb gun violence. what does the president have to do next? does he have to call on the gun owners he referred to in the address to help ramp up his argument? >> right. one thing he has to do is, yes, stitch together the arguments that he's been making to the responsible gun-owning community. we've discussed the statistics that showed just how many people own guns. the other thing though that h
president obama kicked off a busy day on friday with an online petition to stop gun violence >> i wanted to take a minute to respond and let you know we hear you. now, like the majority americans i believe that the second amendment guarantees an individual right to bear arms. it's encouraging many gun owners have stepped up this week to say there are steps we can take to prevent more tragedies like the one in newtown. >> in a piece for "the nation" you wrote how we the...
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on my left, peter orszag, obama former budget director and sort of in the middle, zanny minton beddoes and chrystia freeland, be editor of routers digital. i promised we were going to get past the cliff. but i have to ask a few questions about it. just this. you don't think it's that big of a deal if we go over the cliff. >> i don't think it's that big of a deal if we get to january 3rd or january 4th and we don't have an agreement because we'll have one very soon after. if we did nothing for months, it would be disastrous. not only the combination of tax increases and spending cuts push the economy into a recession, the debt ceiling would be reached and at some point the u.s. would be unable to pay its bond holders. so that would be a catastrophe. because it would be such a catastrophe, i don't think it would happen. >> glenn, you would agree with that. if we went over for a week or two, the pro rated tax increase, the taxes going up for a week or two and spending cuts for a week, it wouldn't have much effect on the economy. >> it's not a big deal. but the uncertainty it creates, as z
on my left, peter orszag, obama former budget director and sort of in the middle, zanny minton beddoes and chrystia freeland, be editor of routers digital. i promised we were going to get past the cliff. but i have to ask a few questions about it. just this. you don't think it's that big of a deal if we go over the cliff. >> i don't think it's that big of a deal if we get to january 3rd or january 4th and we don't have an agreement because we'll have one very soon after. if we did nothing...
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. >>> office politics is next with john meacham on president obama's legacy. plus why some thought the timing of thomas jefferson's death was a sign of divine benevolence. not wanting just another seasonal business they added another holiday. ♪ it's so important to make someone happy ♪ when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be powered by duracell. happy holidays. duracell with duralock. trusted everywhere. >>> taking a look at wall street, a short week of trading due to christmas. and pending home sales for november. after surprisingly strong sales on thanksgiving, look for some mcdonald's restaurants to be open on christmas for the fist time ever. the company wants franchise owners to open their doors to boost december sales figures. >>> my conversation with john meacham, best-selling author of "thomas jefferson: the art of power." we'll show you some of the great photographs in his off
. >>> office politics is next with john meacham on president obama's legacy. plus why some thought the timing of thomas jefferson's death was a sign of divine benevolence. not wanting just another seasonal business they added another holiday. ♪ it's so important to make someone happy ♪ when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys...
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Dec 22, 2012
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. >> the american people re-elected president obama on election day. they also re-elected a republican majority in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was mandate for us to work together to begin solving a massive debt that threatens our country's future. >> joining me now is political columnist for "the washington post" dana mill bank and reid wilson. dana, i will begin with you. are there any plausible scenarios where they get everything done by january 1? >> this is the season of miracles. so we can't say absolutely that they will not get anything done. there is not a whole lot of optimism in this town particularly now that the president has gone to the beach in hawaii and members have gone home. the likely scenario is we have to go over the cliff and members can see the ravaging of the american economy as a result of the pan take would instill. and that may move them back to the table to a point they feel like they can make the concessions that everybody knows
. >> the american people re-elected president obama on election day. they also re-elected a republican majority in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was mandate for us to work together to begin solving a massive debt that threatens our country's future. >> joining me now is political columnist for "the washington post" dana mill bank and reid wilson. dana, i will begin with you. are...
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while president obama and the speaker work toward a compromise agreement. that agreement should be comprehensive. if republicans truly want to ensure american families taxes don't go up on january 1, they should simply pass the senate bill. the only reason speaker boehner hasn't brought our bill to the floor sooner is he knows it will pass. he worked for a day or two seeing if he could bring that up so it wouldn't pass. that didn't work either. americans are not fooled by the speaker's phony procedural excuses for failing to bring this solution to a vote. they are tired of excuses. they expect action. so let me be very poignant. there is nothing preventing the speaker from taking up our bill and giving middle-class families certainty. so i say to my friend, the speaker, this isn't a game, it is not scoring political points or putting wins on the board. there will be very serious consequences for millions of families if congress fails to compromise. there will be very serious consequences for our country if congress fails to compromise. it's time for the spe
while president obama and the speaker work toward a compromise agreement. that agreement should be comprehensive. if republicans truly want to ensure american families taxes don't go up on january 1, they should simply pass the senate bill. the only reason speaker boehner hasn't brought our bill to the floor sooner is he knows it will pass. he worked for a day or two seeing if he could bring that up so it wouldn't pass. that didn't work either. americans are not fooled by the speaker's phony...
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and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to amendment that question or expand it. how much damage did the republicans do last night by blowing up plan "b"? in other words, does that take them out of the power position in the negotiations? >> absolutely. because i think at this point, it's pretty clear that any kind of -- boehner could not get, what? 117 votes. so it's clear whatever happens next, he's not going to be able to rely on his own caucus to make that happen. that means, who do you need? nancy pelosi and you're going to have to get democrats to get something through the house. and so, i certainly think republicans hurt themselves in their leverage and look at the polling, 51% of americans have a favorable view of democrats, 31% of americans have a favorable view of republicans, and i can't imagine after watching what happened last night that those numbers for republicans have g
and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to amendment that question or expand it. how much damage did the republicans do last night by blowing up plan "b"? in other words, does that take them out of the power position in the negotiations? >> absolutely. because i think at this point, it's...
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busy day in washington today. president obama also picked senator john kerry to replace hillary clinton. as secretary of state. if confirmed he will take questions about the time the questions about attack in benghazi, libya, are unanswer it. intelligence sources told fox there are multiple suspects in custody connected to the attack. adding that the u.s. access has been blocked. wendell goler looks at the kerry pick in light of libya. >> on the surface, president obama first cabinet nomination of the second term might seem to be the easily confirmed by the mostly close knit member of senate. >> in extraordinarily distinguished senate career, chairman of the foreign relations committee, john played a central role in every major foreign policy debate for 30 years. >> in addition to his work on the hill, massachusetts democrat john kerry has been unofficial white house emissary in egypt and afghanistan, as well as pakistan and the sudan. it was kerry's 2004 presidential nomination that launched then senator obama na
busy day in washington today. president obama also picked senator john kerry to replace hillary clinton. as secretary of state. if confirmed he will take questions about the time the questions about attack in benghazi, libya, are unanswer it. intelligence sources told fox there are multiple suspects in custody connected to the attack. adding that the u.s. access has been blocked. wendell goler looks at the kerry pick in light of libya. >> on the surface, president obama first cabinet...
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obama revamped how we do business in america. we do a lot of things. the left moved left. the right is trying to figure out where the center is now. squishy republicans trying to move to the center. squishy ones but the center is moving left. if you stay with the what used to be the regular right wing, you are suddenly becoming extreme. >> bob: palin or bachmann could be elected president. >> dana: i have point. republicans just don't know how to talk about this. they have won a huge fight on principle. that is about tax relief. because president obama after for years saying the bush tax cut only help the wealthy. the bush tax cuts were the things saving the middle class. and the lower classes from extreme tax increases. so the republicans have won on the issue that will serve them well in history. >> eric: if you stand on your principle, guns, social issues, you're extreme. on the right. only on the right. >> greg: only on the right. >> bob: if you elect someone like sarah palin on the flat form, see what happens. >> greg: she was elected. >> bob: to what? >> greg: govern
obama revamped how we do business in america. we do a lot of things. the left moved left. the right is trying to figure out where the center is now. squishy republicans trying to move to the center. squishy ones but the center is moving left. if you stay with the what used to be the regular right wing, you are suddenly becoming extreme. >> bob: palin or bachmann could be elected president. >> dana: i have point. republicans just don't know how to talk about this. they have won a...
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while president obama and the speaker work toward a compromise agreement. that agreement should be comprehensive. if republicans truly want to ensure american families taxes don't go up on january 1, they should simply pass the senate bill. the only reason speaker boehner hasn't brought our bill to the floor sooner is he knows it will pass. he worked for a day or two seeing if he could bring that up so it wouldn't pass. that didn't work either. americans are not fooled by the speaker's phony procedural excuses for failing to bring this solution to a vote. they are tired of excuses. they expect action. so let me be very poignant. there is nothing preventing the speaker from taking up our bill and giving middle-class families certainty. so i say to my friend, the speaker, this isn't a game, it is not scoring political points or putting wins on the board. there will be very serious consequences for millions of families if congress fails to compromise. there will be very serious consequences for our country if congress fails to compromise. it's time for the spe
while president obama and the speaker work toward a compromise agreement. that agreement should be comprehensive. if republicans truly want to ensure american families taxes don't go up on january 1, they should simply pass the senate bill. the only reason speaker boehner hasn't brought our bill to the floor sooner is he knows it will pass. he worked for a day or two seeing if he could bring that up so it wouldn't pass. that didn't work either. americans are not fooled by the speaker's phony...
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we are waiting to hear from president obama as the nation remembers senator daniel inouye. bill: a major showdown happening in washington right now that will affect every single american in this country. two republican congressmen are live in a moment to tell us what is next. >> i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house. the democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. .s customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? bill: just an alert now on the bitter showdown over the fiscal crisis the clock particularring down to spending cuts and tax hikes for every
we are waiting to hear from president obama as the nation remembers senator daniel inouye. bill: a major showdown happening in washington right now that will affect every single american in this country. two republican congressmen are live in a moment to tell us what is next. >> i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house. the democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our...
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that is the way he does business. i think he is a lousy president, and i hate to say it, romney was white-- right. you are not going to get the votes of the people that take away your benefits. that is all i have to say. i wish people would read the news, get off msnbc, and stop following the liberal press. >> that you is in indiana, democrat line. caller: i was listening to it last night and one of the things they screamed about last night -- republicans -- was food stamps to increase 270%. wages -- the median wage has stayed stagnant since the 1980's. i am retired today. i retired around $60,000 a year. a college graduate getting $25,000 a year job but they cannot get jobs that pay better. these are the jobs that 20 years ago would have been paying $50,000 a year. wages are going down. costs are going up. taxes are going down because you cannot pay as much taxes when you are making less money. they do not pay as much in taxes because they do not make as much in common. that is about 6% of our problems, too. thank yo
that is the way he does business. i think he is a lousy president, and i hate to say it, romney was white-- right. you are not going to get the votes of the people that take away your benefits. that is all i have to say. i wish people would read the news, get off msnbc, and stop following the liberal press. >> that you is in indiana, democrat line. caller: i was listening to it last night and one of the things they screamed about last night -- republicans -- was food stamps to increase...
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. >> mika, business leaders that were harshly critical of barack obama over the past four years -- >> yeah. >> -- they're now sitting down with him in the white house saying, what do we do to get our party -- these are republican ceos saying how can we get our party to come to the table and stop an economic catastrophe that will devastate the middle class if this continues? >> right. and they want, at this point, the word that i find annoying to an extent, but at this point, certainty. give us something. let's move on. let's now understand what our reality is going to be. david. >> joe, you say the businesspeople are saying -- there's no doubt the business community has been strongly supportive. i think the signal that needs to be sent is we're not going to support you. the business community has been a font of support for the republican party and for those republican legislators. and i think they need to make clear this is a red-line issue, and we're not going to support you if you behave irresponsibly, if you take the country off the cliff. the president's made a reasonable compromi
. >> mika, business leaders that were harshly critical of barack obama over the past four years -- >> yeah. >> -- they're now sitting down with him in the white house saying, what do we do to get our party -- these are republican ceos saying how can we get our party to come to the table and stop an economic catastrophe that will devastate the middle class if this continues? >> right. and they want, at this point, the word that i find annoying to an extent, but at this...
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statement from the press secretary to president obama tonight. "the president's main priorities is to ensure that taxes don't go up on 98% of americans and 97% of small businesses in just a few short days. the president will work with congress to get this done, and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy." the president saying, i'm looking forward to working with you guys. eric cantor saying, we're actually gone already. it's a weird night in washington. more live from capitol hill when we come back. >>> there is breaking news to report tonight out of washington. strange breaking news out of washington. within the last hour republican house speaker john boehner appears to have completely lost control of his own caucus. a dramatic turn of events as the white house and house republicans were trying to negotiate a plan to avert the across-the-board tax increases and deep spending cuts looming on january 1st, which is just 12 days from now. mr. boehner planned to hold a
statement from the press secretary to president obama tonight. "the president's main priorities is to ensure that taxes don't go up on 98% of americans and 97% of small businesses in just a few short days. the president will work with congress to get this done, and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy." the president saying, i'm looking forward to working with you guys. eric cantor saying, we're...
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statement from the press secretary to president obama tonight. "the president's main priorities is to ensure that taxes don't go up on 98% of americans and 97% of small businesses in just a few short days. the president will work with congress to get this done, and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy." the president saying, i'm looking forward to working with you guys. eric cantor saying, we're actually gone already. it's a weird night in washington. more live from capitol hill when we come back. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ male announcer ] lease a 2013 e350 for $579 a month try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable,
statement from the press secretary to president obama tonight. "the president's main priorities is to ensure that taxes don't go up on 98% of americans and 97% of small businesses in just a few short days. the president will work with congress to get this done, and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy." the president saying, i'm looking forward to working with you guys. eric cantor saying, we're...
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tracy: i am tracy byrnes with your fox business brief. stocks trading higher in afternoon trading on optimism over budget negotiations. republican house speaker john boehner expects to be working with president obama to avert the fiscal cliff. jobless claims rising more than expected, 361,000 americans filed first-time benefits. the four week moving average which moves volatility fell to lowest level since late october. general motors is recalling 145,000 pickup trucks because of a hood and unexpectedly fly open blocking the driver's vision. the recall covers chevrolet, colorado and gmc canyon midsized trucks. 2010 to 2012 most of the trucks were sold in north america. that is the latest from the fox business network giving you the power to prosper. >> ups turned its money, expecting to deliver twenty million packages. adam shapiro in louisville, kentucky, and make sure they make it to jersey. >> a couple boxes make it to jersey. have you ever been inside a 757 and don't have leg room? how is this for legroom? this is one of ubs's 230 plu
tracy: i am tracy byrnes with your fox business brief. stocks trading higher in afternoon trading on optimism over budget negotiations. republican house speaker john boehner expects to be working with president obama to avert the fiscal cliff. jobless claims rising more than expected, 361,000 americans filed first-time benefits. the four week moving average which moves volatility fell to lowest level since late october. general motors is recalling 145,000 pickup trucks because of a hood and...
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but while the tax increase that president obama is calling for would hurt small businesses, they'll have little effect in reducing our deficits. that is because our debt is being driven by spending, play and simple. and therefore, to solve our problem, we must implement serious spending cuts and reforms. the good news is that this isn't hard to do. we have to look at the amount of revenue coming in and not spend more than that. rather than spending more than we can afford, we must prioritize our spending. hundreds of millions of americans do this every day. if my constituents in tennessee can balance their budgets, so can washington, and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from california seek recognition? without objection, the gentlelady from california is recognized for one minute. ms. sanchez: mr. speaker, down here in the well you might think that we are not a very friendly bunch towards each other but i want to let people know today that we actually have a lot of friendships here on this floo
but while the tax increase that president obama is calling for would hurt small businesses, they'll have little effect in reducing our deficits. that is because our debt is being driven by spending, play and simple. and therefore, to solve our problem, we must implement serious spending cuts and reforms. the good news is that this isn't hard to do. we have to look at the amount of revenue coming in and not spend more than that. rather than spending more than we can afford, we must prioritize...
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and he, despite the fact that obama had all the economic statistics stacked against him, romney didn't make the case to the american people. >> so you don't think that -- >> how do you read an election, you can swing it any other way, but how do you ever say you have a mandate on something if you're going to say when you win the election, it doesn't mean what you thought it was going to mean. because we had a lot of people telling us ahead of time, look, this election is going to be a deciding factor. this election is going to tell us something about what the people want. >> two things. one, remember, i said i thought romney was going to lose all the way through. because i thought he was doing a terrible job making his case for his side. my side. so, that's one piece of it. so i'm not surprised by the outcome. but it was really his failure on the merit was the case. the other piece of it is, i mean, ultimately, the president did win decisively in the electoral college. republicans kept the house. they lost barely any ground, even though they picked up a huge number of seats in 2010 of
and he, despite the fact that obama had all the economic statistics stacked against him, romney didn't make the case to the american people. >> so you don't think that -- >> how do you read an election, you can swing it any other way, but how do you ever say you have a mandate on something if you're going to say when you win the election, it doesn't mean what you thought it was going to mean. because we had a lot of people telling us ahead of time, look, this election is going to be...
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president obama set a january deadline for recommendations from biden's task force and he'll make this a major part of his state of the union address as he lays out a list of priorities for the country. >>> seemingly endsless line of funeral processions will roll through newtown, connecticut. among yesterday's good-byes, family and friends gathered in honor of 27-year-old victoria soto, the teacher killed while trying to shield her young first grade students from a barrage of bullets. paul simon was there to sing soto's favorite song "the sound of silence." meanwhile, the family of 6-year-old victim noah pozner said someone they didn't know was soliciting donations in noah's memory. the official-looking website has since been transferred to the family. >>> new details are emerging about the whereabouts of nancy lanza in the days leading up to the massacre. nbc news learned nancy was on vacation in new hampshire wednesday and thursday of last week, according to a family friend. the friend didn't know where she was staying and couldn't confirm whether she had left adam home alone. >>> no
president obama set a january deadline for recommendations from biden's task force and he'll make this a major part of his state of the union address as he lays out a list of priorities for the country. >>> seemingly endsless line of funeral processions will roll through newtown, connecticut. among yesterday's good-byes, family and friends gathered in honor of 27-year-old victoria soto, the teacher killed while trying to shield her young first grade students from a barrage of bullets....
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. >> violation of 200 years of bankruptcy law by barack obama to pay off the uaw at the expense of every bondholder. >> you can't go around picking winners and losers. >> the only people that were truly rescued were the unions. >> and whenever big government and big business and for that matter big labor get in bed together, you better believe that taxpayers and consumers are both going to you know what in a very unpleasant way. >> and i am joined tonight by david cay johnston, pulitzer prize winning journalist and authority of "the fine print." so the bottom line is the united states government invested $49.5 billion in general motors. the united states treasury predicts that it will get back $28.7 billion from general motors. david, is this a losing proposition for taxpayers? >> oh, no, not at all. think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can't find any kind of work. enormous costs. so this was a very cheap bargain. and don't f
. >> violation of 200 years of bankruptcy law by barack obama to pay off the uaw at the expense of every bondholder. >> you can't go around picking winners and losers. >> the only people that were truly rescued were the unions. >> and whenever big government and big business and for that matter big labor get in bed together, you better believe that taxpayers and consumers are both going to you know what in a very unpleasant way. >> and i am joined tonight by david...
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>> there was a big step when we moved from 250 to 400 as obama suggested. at 250, the small businesses would only represent 3% of the people affected by this. those decisions they're making, i mean, i don't know a lot of small business owners that are really making hiring and firing decisions on the basis of their marginal tax rates. >> finally, there's this feeling that the president wants the revenue, sure, but he wants it to be, quote, fair, which people have a problem with. is that how you see it? >> fair is such a squishy word. it's almost unfair how squishy the word is. there has been a grotesque divide in this country. it's grown in the last ten years. in many cases, it's a direct result of the tax breaks we got in 2003 under george bush. this is a really big step in the right direction in terms of making sense of income and wealth disparities in this country, which is the basis of building a much healthier economy for everyone. >> certainly going to make for some interesting dinner conversation this holiday season, i imagine, in your house. thank yo
>> there was a big step when we moved from 250 to 400 as obama suggested. at 250, the small businesses would only represent 3% of the people affected by this. those decisions they're making, i mean, i don't know a lot of small business owners that are really making hiring and firing decisions on the basis of their marginal tax rates. >> finally, there's this feeling that the president wants the revenue, sure, but he wants it to be, quote, fair, which people have a problem with. is...
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clients, about the impending obama care health care costs? >> again, another issue that arises in our conversations, what do you think about health care. but again, same sort of logic. if business is going to be going well, if i'm going to be able to hire, if i can expand my business and there is certainty about what the program looks like, i don't think everyone really understands what that program is all about today and how it will affect them in the future, then i believe they are okay with it. to the extent that they are not, it's an issue. >> let me walk out a little bit here on a politically sensitive topic and that is the lapsing government guarantees of the transaction accounts, noninterest bearing accounts. it was a major contentious issue, small bankers wanted it to continue. larger bankers were fine letting it lapse. where are you and is it important to you? >> i think it was a mistake to let it lapse. i do wish people would be careful about saying it was a government funded program. it was funded by fdic, totally funded by fees pa
clients, about the impending obama care health care costs? >> again, another issue that arises in our conversations, what do you think about health care. but again, same sort of logic. if business is going to be going well, if i'm going to be able to hire, if i can expand my business and there is certainty about what the program looks like, i don't think everyone really understands what that program is all about today and how it will affect them in the future, then i believe they are okay...
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president obama said the country has lost a true american hero. the vice president called inouye one of the most honorable men i ever met in my life and one of the best friends you could hope for. on the senate floor, he is even more remembered. >> a man who has lived and breathed the senate. if there were ever a patriot, inouye was that patriot. >> senator inouye was the second longest serving senator in the history of the chamber. he is one of only seven senators ever awarded the congressional medal of honor and only the second since the civil war. inouye petitioned the u.s. government in world war ii and was recognized for gallantry and leadership on the battlefield in italy. in that battle, young lieutenant inouye lost his right arm. while recovering from his wounds, he be friended a young soldier, a guy by the name of bob dole, a guy who he would partner with years later. in a same, bob doled called inouye one of the senate's giants. he pushed for hawaii statehood, became the state's first owed voting representative, taking his seat in congre
president obama said the country has lost a true american hero. the vice president called inouye one of the most honorable men i ever met in my life and one of the best friends you could hope for. on the senate floor, he is even more remembered. >> a man who has lived and breathed the senate. if there were ever a patriot, inouye was that patriot. >> senator inouye was the second longest serving senator in the history of the chamber. he is one of only seven senators ever awarded the...
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each dog carries a business card with its name, a facebook page, and an e-mail so people can stay in touch. >> that's very nice. >> yes. >>> president obama and house speaker john boehner are still in touch about the fiscal cliff. and there's new progress to report this morning from those negotiations. boehner is discussing the latest white house proposal with fellow republicans today. major garrett is at the white house. major, are we finally close to a deal? >> reporter: it looks that way, and it feels that way, nora, charlie, and gal there is no timetable for announcing it, but there are people who would not be surprised that there was an announcement possibly as early as tomorrow, and maybe voting this week on the final compromise to avert the fiscal cliff. now if you want all the underlying, really nerdy details, go to cbsnews.com. i have a piece that has them there. let's go over broad outlines. the president yesterday made two significant concessions. one, he had previously said he wanted income taxes raised for everyone making more than $250,000. he raised the threshold yeste
each dog carries a business card with its name, a facebook page, and an e-mail so people can stay in touch. >> that's very nice. >> yes. >>> president obama and house speaker john boehner are still in touch about the fiscal cliff. and there's new progress to report this morning from those negotiations. boehner is discussing the latest white house proposal with fellow republicans today. major garrett is at the white house. major, are we finally close to a deal? >>...
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now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> moving closer to a deal to avoid the fiscal cliff. >> i can't stop! >> there's a cliff! >> but can president obama and speaker boehner get their parties to come together on a compromise deal? >> we don't take no prisoners. >> we don't take no for an answer. >> oh, yeah. we don't take no for an answer. >> we don't take no for an answer. >> we'll ask senators from both sides of the aisle. republican bob corker and democrat kent conrad. >> plus the sector names that will make you money in the new year. our what's working serious continues with artisan portfolio manager james keeper. the third hour of "squawk box" starts right now. >> welcome back to "squawk box." i'm joe kerner along with becky quick and andrew ross sorkin. our guest, larry lindsey, former national economic council director and republican senator bob corker, will join us in just a few minutes to talk about the latest in the fiscal cliff negotiations. but first, andrew has your mornings headlines. >> a
now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> moving closer to a deal to avoid the fiscal cliff. >> i can't stop! >> there's a cliff! >> but can president obama and speaker boehner get their parties to come together on a compromise deal? >> we don't take no prisoners. >> we don't take no for an answer. >> oh, yeah. we don't take no for an answer. >> we don't take no for an...
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my capped deductions and my marginal tax rate is going up from 35% to 40% and that's on the way to obama's 3.8% additional tax -- >> you have to remember -- >> i'm either a small business or a successful individual like jimmy pethokoukis. you're going to be so damaged, he won't be able to build a new house or start a new factory -- >> let me just say. these are marginal tax rates. the dollar that you make over $1 million is what's taxed at the higher rate. let's not overdo that. that's the first point. the second point is that, again, we're talk about .3% of households and .5% -- not 5%, .5% of small businesses -- >> 20% of americans in the private sector work for a small business. they're going to get hit by this tax. you're going to say they're all hedge funds -- no. 20% of americans now work for hedge funds. these are the gazelles. >> i'll never understand that argument. small businesses deduct their expenses. they did great in the bill clinton years -- >> jared, profits are net income after all these expenses. that's what gets -- >> at 25% -- >> the next fiscal cliff is the debt ceilin
my capped deductions and my marginal tax rate is going up from 35% to 40% and that's on the way to obama's 3.8% additional tax -- >> you have to remember -- >> i'm either a small business or a successful individual like jimmy pethokoukis. you're going to be so damaged, he won't be able to build a new house or start a new factory -- >> let me just say. these are marginal tax rates. the dollar that you make over $1 million is what's taxed at the higher rate. let's not overdo...
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we don't really know how much president obama is giving yet. we'll see. you know, i mean, we're getting pretty close up to against it now. >> chris, kelly, thank you very much on a very busy day. >>> the shooting at sandy hook is raising questions about school safety around the country. coming up, randy winegarden, president of the american federation of teachers. and an anonymous been faektor from north carolina has done aid 26 christmas trees to the newtown community. one for each victim of friday's shootings. the trees were placed on the road leading up to sandy hook elementary and have now become a shrine to those that lost their lives that day. ♪ it's so important to make someone happy ♪ when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be powered by duracell. happy holidays. duracell with duralock. trusted everywhere. we create easy to use, powerful trading tools for all. look at these s
we don't really know how much president obama is giving yet. we'll see. you know, i mean, we're getting pretty close up to against it now. >> chris, kelly, thank you very much on a very busy day. >>> the shooting at sandy hook is raising questions about school safety around the country. coming up, randy winegarden, president of the american federation of teachers. and an anonymous been faektor from north carolina has done aid 26 christmas trees to the newtown community. one for...
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the latest survey from the national association for business economics puts growth next year at 2.1%. that compares to this year's projected 2.2% rate. joe? >> thanks, beck. president obama spoke last night in newtown, connecticut, saying things must change following last week's tragedy. >> we can't tolerate this anymore. these tragedies must end. and to end them we must change. we will be told that the causes of such violence are complex and that is true. no single law, no set of laws, can eliminate evil from the world or prevent every senseless act of violence in our society. >> mary thompson is here to take a closer look at gun sales trends both before and after the election, and then in light of the recent tragedies, and we had -- there had been articles written and pieces done gun s e sal sales going up prior to this latest presidential election. >> you know, it's an interesting thing to watch, joe, because it calls for a change in gun laws. likely to spur near-term increase in sales for the multibillion dollar gun and ammunitions industry. in the wake of a mass shooting like fri
the latest survey from the national association for business economics puts growth next year at 2.1%. that compares to this year's projected 2.2% rate. joe? >> thanks, beck. president obama spoke last night in newtown, connecticut, saying things must change following last week's tragedy. >> we can't tolerate this anymore. these tragedies must end. and to end them we must change. we will be told that the causes of such violence are complex and that is true. no single law, no set of...
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. >>> it hit me last night, what makes these budget talks between boehner and obama so darn annoying? i don't think he understand, neither man, the consequences of what they're doing right now for the american business publicly with all the wrangling. that's because in many ways the business public is not represented by either the speaker or the president. as opposed to the democratic and republican posturings i hear two steemz of thought. for the gop they worry about the small business person and how much it's being hurt by government tax policies. for democrats it's the folks who work at places that aren't helped enough by government programs and pay more than their fair share of taxes. that's what makes this whole thing so unrealistic. for small businesses revolve around bigger businesses. when you set up a small business unless it's about make k a better mousetrap what you particularly need is traffic and that traffic comes from the growth of big business in the area. you want to create a service or hospitality business you need someone to cater to. you aren't worried about taxes.
. >>> it hit me last night, what makes these budget talks between boehner and obama so darn annoying? i don't think he understand, neither man, the consequences of what they're doing right now for the american business publicly with all the wrangling. that's because in many ways the business public is not represented by either the speaker or the president. as opposed to the democratic and republican posturings i hear two steemz of thought. for the gop they worry about the small...
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thank you, john, who will be known as the guy who before the governor says none of your business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner, but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader? this is "hardball," the place for politics. >>> tonight i'll be speaking at the smithsonian institution here in washington about my book "jack kennedy, elusive hero." big crowd tonight. it's on "the new york times" best-seller list. it's an incredible book for the season because it's a great american story about hope. boy, do we need that. it will take you to a different time, a different man. if you're like me, you will love it, that time. we'll be right back. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> welcome back to "hardball.
thank you, john, who will be known as the guy who before the governor says none of your business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner, but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader? this is "hardball," the place for politics. >>> tonight i'll be speaking at the smithsonian institution here in...
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business leaders got something really wrong. they were under a false impression, the impression that president understood their support for tax increases and they would pressure their own republican buddies in congress to make a deal and accept tax hikes, the ceo figures that they would offer spending cuts and go with the president and the grand bargain would be struck. now the ceos realize that perhaps the president doesn't think he should offer any spending cuts at all, maybe nothing substantive. they are saying, hey, listen, there is no compromise coming, even if they conceded they had to pay higher taxes. the gop isn't helping either. they don't want to get specific about their own spending cuts and see a realistic proposal from the white house and pin the tail on the white house from being too tough on medicare. somebody needs to be the bigger man here, and it's increasingly clear that the business community thinks that somebody may not be the president. that's the information filtering back to me. a little chatter that the
business leaders got something really wrong. they were under a false impression, the impression that president understood their support for tax increases and they would pressure their own republican buddies in congress to make a deal and accept tax hikes, the ceo figures that they would offer spending cuts and go with the president and the grand bargain would be struck. now the ceos realize that perhaps the president doesn't think he should offer any spending cuts at all, maybe nothing...
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thank you, john, who will be known as the guy who before the governor says none of your business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner, but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader? this is "hardball," the place for politics. that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing lik
thank you, john, who will be known as the guy who before the governor says none of your business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner, but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader? this is "hardball," the place for politics. that puts us in control. our abundant natural gas is already saving us money,...
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rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to "hardball." late this afternoon president obama and speaker boehner met at the white house in their first face-to-face meeting since fiscal negotiations last sunday and boehner is scheduled to return home to ohio for friday for a long weekend. earlier today the speaker made clear that there would be no compromise without more cuts to spending. let's listen. >> i have been pushing all year for us to address this problem. but here we are at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending. >> joining me is congress van hollen who is a ranking member on the budget committee and a man many expect to be the next democratic speaker of the house. i do mean that. let's start. you don't have to take that back. you're young, you have a shot. let's talk about -- >> i like your book, by the way. >> the
rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to "hardball." late this afternoon president obama and speaker boehner met at the white house in their first face-to-face meeting since fiscal negotiations last sunday and boehner is scheduled to return home to ohio for friday for a long weekend. earlier today the speaker made clear that there would be no...
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business and businesses of all kinds he said this. if you've got a business, you didn't build that. somebody else made that happen. >> well, that was just one of the top ten finalists in politifact's top ten list. >>> finally let me finish tonight. you'll love to hear this tonight. the ultimate victory of truth. this is "hardball" the place for politics. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> who's the least popular u.s. senator in the united states? well, according to ppp's polling it's mitch mcconnell of kentucky. the republican leader isn't loved in his home state. 55% in kentucky disapprove. before president obama's inauguration mcconnell famously announced his top priority. make obama a one-term president. and democrats have a chance in 2014. we'll be right bac
business and businesses of all kinds he said this. if you've got a business, you didn't build that. somebody else made that happen. >> well, that was just one of the top ten finalists in politifact's top ten list. >>> finally let me finish tonight. you'll love to hear this tonight. the ultimate victory of truth. this is "hardball" the place for politics. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and...
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part of it is because the business community has more or less abandoned them on this issue. they certainly will on the debt ceiling issue. also, because president obama is much more comfortable living with the consequences of a standoff than they are at this juncture. that's just underlining everything here. he can go over the cliff and build a tax cut plan that he can then subsequently pass. republicans don't really have that option. i think they know that. they can hold all the press conferences in the world. when it comes down to the actual vote, the only option they have is to either vote present, basically. i think that's what they were signifying there. >> sam stein and joy reid. thanks for joining me. >> you are sitting in for alex tomorrow. >> on now. now with alex wagner. >> at 12 noon. >> sam, your not going to miss that, right? >> i'm surprised alex didn't pick me but i'm very happy for joy. i will watch and record it. >> thank you very much, both of you. >>> coming up, a republican today offered a little bit of trivia about republicans and taxes an his trivia nee
part of it is because the business community has more or less abandoned them on this issue. they certainly will on the debt ceiling issue. also, because president obama is much more comfortable living with the consequences of a standoff than they are at this juncture. that's just underlining everything here. he can go over the cliff and build a tax cut plan that he can then subsequently pass. republicans don't really have that option. i think they know that. they can hold all the press...
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business and businesses of all kinds he said this. if you've got a business, you didn't build that. somebody else made that happen. >> well, that was just one of the top ten finalists in politifact's top ten list. >>> finally let me finish tonight. you'll love to hear this tonight. the ultimate victory of truth. this is "hardball" the place for politics. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. mmm i can still see you. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> who's the
business and businesses of all kinds he said this. if you've got a business, you didn't build that. somebody else made that happen. >> well, that was just one of the top ten finalists in politifact's top ten list. >>> finally let me finish tonight. you'll love to hear this tonight. the ultimate victory of truth. this is "hardball" the place for politics. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and...
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that's it from cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differences. the president and i had a pretty frank conversation about just how far apart we are. >> and in an interview with barbara walters, the president held firm and said time is running out. >> taxes are going to go up one way or the other. and i think the key is to make su
that's it from cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on...
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and the obama administration has run annual deficits of well over $1 trillion. now i'm constantly hearing from people, how did this seem to happen so quickly? it has been decades in the making. and indeed, many of us have come to the floor regularly and we have talked about it and we have offered bills in a would address this. great example of this, every year i have offered bills that call for 1%, 2% and 5% spending reductions. we have the appropriations process where members have come to the floor and have offered amendment after amendment that would reduce what we are spending. we on this side of the aisle also believe that you have to have a budget. now, the president had a proposed budget and nobody wanted to vote for that. so we put it on the floor and i think it got one or two votes from the democrats. the country has not had a budget in over 1,300 days and there is a reason for this and that is because the budget we have passed out of this house has gone to the senate each and every year and it sits on harry reid's desk. and he does not take it up. and w
and the obama administration has run annual deficits of well over $1 trillion. now i'm constantly hearing from people, how did this seem to happen so quickly? it has been decades in the making. and indeed, many of us have come to the floor regularly and we have talked about it and we have offered bills in a would address this. great example of this, every year i have offered bills that call for 1%, 2% and 5% spending reductions. we have the appropriations process where members have come to the...
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in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on with steve forbes, and howard dean's feeling is, look, we've got to solve this problem of the deficit somehow. we can't keep kicking the can down the road. >> bill, we can't. >> and there needs to be a shared burden for everybody. that would be your burden that you just identified, right? >> well, no doubt. we've got to share it across but think what everybody is talking about, personal income taxes. that's the topic of the day. we've got to raise personal income taxes. what does that do? does that go after warren buffett? warren buffett says he wants his taxes to go up, but what are we going to do, hit people $250,000 and above and raise their taxes. that doesn't hit warren buffett. let's get into the details. let's sit down and understand
in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on with steve forbes, and howard dean's feeling is, look, we've got to solve this problem of the deficit somehow. we can't keep kicking the can down the road. >> bill, we can't. >>...
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president obama calls it a big step in a new interview. the president recognizes the syrian opposition for the first time. >> the syrian opposition coalition is now inclusive enough and reflective and representative enough of the syrian population. >> the "new york times" said the announcement draws a sharper line between the elements of the opposition and the u.s. supports and rejects. i will talk to bobby gauche. a "wall street journal" poll being released tonight, the question, do you think leaders in congress should compromise or stick to their positions when it comes to the budget deficit? that is the question. how would you answer? we will show you the results of our poll. i will show you the conversations on twitter. it's on tamronhall. the holidays are here and we're here with cyreeta talking about the walmart low price guarantee. that's your receipt from another store? it is! let's put it to the test. alright! that's walmart's everyday low price. get out! ok, but i'm taking these! ready? yes. there you have it! that much? that's t
president obama calls it a big step in a new interview. the president recognizes the syrian opposition for the first time. >> the syrian opposition coalition is now inclusive enough and reflective and representative enough of the syrian population. >> the "new york times" said the announcement draws a sharper line between the elements of the opposition and the u.s. supports and rejects. i will talk to bobby gauche. a "wall street journal" poll being released...